Probe Targets Foreclosure Paperwork
Tens of Thousands of Proceedings Are Suspected of Being Tainted; Return of the ‘Robo Signers
By CARRICK MOLLENKAMP
OCTOBER 13, 2010
Tens of Thousands of Proceedings Are Suspected of Being Tainted; Return of the ‘Robo Signers’ .
From Suite 350 at a suburban Atlanta office to a bevy of law firms in Florida, thousands of documents were signed, and many sworn to, in order to ensure that foreclosure proceedings were sound.
Now, that work—at a mortgage-processing company called Lender Processing Services Inc. and four foreclosure law firms that processed documents on behalf of lenders such as GMAC Mortgage and Citigroup Inc.—is at the center of an investigation in Florida. Lender Processing and the four law firms are being investigated by the Florida attorney general. At issue is whether improper paperwork taints tens of thousands of foreclosures.